Hello all!
Looking for some advice please...
I moved to S.E. Asia 18 months ago, and to date have been managing to make the monthly repayments of approx £400 GBP on my debts.
My situation has now changed as I am 5 months pregnant, and health insurance will not cover any of the hospital expenses which I will have to pay in full. Plus the ongoing expense of raising the baby. As such, I would like to know if it is worth contacting the banks to see if they would let me reduce my repayments to something more manageable on an Asian income?
I have a credit card with HSBC approx £50 per month
A personal loan with Tesco approx £200 per month
Overdraft with HSBC approx £100 per month (will be complete in March)
Plus approx £50 per month misc interest, student loans etc
The credit card and Tesco loan are my main concerns, especially as over £40 per month is to pay interest on the credit card.
Please understand that I DO want to repay these debts, just at a more manageable rate.
Thank you in advance for any advice